WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
How legal marijuana is outselling Starbucks
Business & Finance
It’s a safe bet that Americans as a whole will continue to spend even more on pot than PSLs. Here’s why. When reports came back showing legal cannabis sales outpaced Starbucks sales in North America, it raised more than a few eyebrows. As we previously reported, in 2021, legal cannabis sales (medical and recreational combined) were between $24.5 bi
AAPI appreciation in the world of weed: Movers and shakers
Business & Finance
A look at the AAPI movers and shakers behind the cannabis industry, and the often underappreciated folks who are stepping into the light. Race is a topic that comes up a lot in cannabis, as social equity and the War on Drugs is discussed, but APPI folks are often left out of the conversation completely. Due to the harmful and racist “model minority
Cannabis and franchising: Perfect together
Business & Finance
Franchising Helps Entrepreneurs Navigate the Complicated Cannabis Industry As a franchise consultant and a New Jersey resident, I have kept a watchful eye over the cannabis industry and cannabis franchises in particular. In November 2020, New Jersey residents overwhelmingly voted to legalize cannabis in the Garden State. On February 21, 2021, New J
The Michigan adult use market is one of the fastest growing cannabis markets in the United States
Business & Finance
A bright spot of the United States (US) cannabis industry has been the performance of Midwestern states that allow for the sale of recreational cannabis.  Original link
Woody Harrelson’s new cannabis lounge, The Woods, is open for business
Business & Finance
High Times went to The Woods! There was a lucky vibe for Friday the 13th, at the grand opening for cannabis consumption lounge The Woods, co-owned by actor and cannabis entrepreneur Woody Harrelson. Located in West Hollywood, California, the newly remodeled storefront is one of the first of a slew of consumption facilities slated to open in the cit
Love Hemp Group PLC announces update to announcement of 9 May 2022
Business & Finance
Original link
Chicago Cannabis Company opens first co-op store in Lincoln Park
Business & Finance
Chicago Cannabis Company offers "products for every level of cannabis consumption, from connoisseur to people trying cannabis for the first time," co-owner Nicollette Rodriguez said. When Nicollette Rodriguez founded Chicago Cannabis Company with co-owner Tom Gliszewski in 2018, she was working as a bilingual high school teacher and started using C
Cannabis rules draw fire
Business & Finance
Guam’s recreational cannabis industry could lose to the black market unless the government allows residents to own more than one type of cannabis business, a prospective business owner told lawmakers Thursday morning. At the very least, businesses should be allowed to grow and also manufacture cannabis products, Mike Mateo said during a public hear
Sisters of the Valley compete in the Next Marijuana Millionaire Show
Business & Finance
One episode per week, first episode drops on the G4+ free app today. The very first episode of the Next Marijuana Millionaire airs today on G4+, a new streaming platform developed through a collaboration of the best tech and entertainment minds, an app that can be downloaded easily to an iPhone from the app store for free.  The series, which will b
Huckleberry Hill Farms on what’s at stake for legacy cannabis growers
Business & Finance
Huckleberry Hill Farms has planted its legacy on the rich soil of the Emerald Triangle. The second-generation run farm is owned by John Casali and his partner Rose Moberly. Casali carries on the work of his mother and her longtime growing expertise. Because of his family’s deep roots in this place, Casali centers the community in the Emerald Triang
Weed pop-ups are having a moment right now
Business & Finance
  Marijuana pop-ups are appearing in a variety of states, whether there’s legal marijuana or not. Here’s why. If you live in a big city or somewhere where there have been revisions of cannabis laws, you’ve likely seen a marijuana pop-up store. These locations come in all shapes and sizes, whether that’s a truck or a stand, all tending towards brigh
Why is the world's largest cannabis market shooting itself in the foot?
Business & Finance
Taxes in California are among the highest in the United States and that of course includes cannabis-related taxes, which are so exorbitant that they are hobbling what should rightly be the country's - make that the world's largest and potentially successful cannabis market. (Benzinga) High taxes and onerous regulations are keeping unlicensed cultiv
States that legalized marijuana are bringing in more tax revenue on pot sales than alcohol
Business & Finance
A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales. The first two states to legalize pot are profiting the most, Colorado and Washington. Across the country, the total revenue for taxes on weed amounted to nearly $3 billion, according to a report on “
Small cannabis entrepreneurs say they can't compete against ‘Walmart of weed'’
Business & Finance
  Many small cannabis entrepreneurs say large companies are jockeying to lock them out of the industry and have funding that gives them more access to lawmakers. “Small businesses are the backbone of the country,” said Sarah Grant, general manager of The Dispensary in Richmond. The shop opened last year and sells Delta-8-THC flower and vape cartrid
Michigan regulators say no to THC from hemp
Business & Finance
Regulators in Michigan have nixed a proposal to allow the conversion of cannabinoids derived from hemp into THC. Regulators in Michigan announced on Friday that a plan to allow cannabinoids derived from hemp to be processed into THC would be withdrawn from consideration. The announcement came only two days after the Michigan Marijuana Regulatory Ag
The latest pro sports team in Colorado is sponsored by a cannabis brand
Business & Finance
“We’re incredibly proud to be the first cannabis company to sponsor Colorado’s first professional ultimate disc team and hope this will drive a movement toward the acceptance of cannabis in professional sports.” Colorado’s first professional ultimate disc team has announced its newest sponsor. Local dispensary Star Buds will have its logo featured

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